Search Results for: Australia
Bitcoin Price Spikes Spurred by Chinese Capital Curbs: Australian Financial Analyst
March 29th, 2017
A prominent equities analyst at an Australian private brokerage sees China’s capital controls as a major factor behind the recent surges of the value of bitcoin. Julia Lee, an equities analyst at Australian brokerage firm BellDirect was speaking in ...
Japan, Australia, Hong Kong, South Korea stock indexes gain
March 28th, 2017
Japan, Australia, Hong Kong, South Korea stock indexes gain Yen higher after earlier loss, Australian bonds continue rally The selloff in riskier assets eased after U.S. stocks staged a recovery, with most Asian equity markets resuming their upward trajectories ...
CMC Markets announced a major partnership to become the second-largest stockbroker in Australia
March 8th, 2017
CMC Markets plc, (LSE: CMCX, “CMC” or the “Group”), a leading global provider of online retail trading, today announces a major stockbroking partnership with Australia and New Zealand Banking Group Ltd (“ANZ”). The transaction will result in CMC becoming ...
Investment in Australian fintech reached a record level
March 2nd, 2017
Investment in Australian fintech reached a record $656 million in 2016, more than triple the $185 million invested in 2015, according to a report by professional services firm KPMG. This equates to an annual average growth rate of around ...
ASIC commences civil penalty proceedings against Australian Bank
March 1st, 2017
ASIC has today commenced civil penalty proceedings in the Federal Court against Westpac Banking Corporation (Westpac) for a number of contraventions of the responsible lending provisions of National Consumer Credit Protection Act 2009 (Cth) (the National Credit Act). ASIC ...
Australia Passes ‘Fairer Tax’ Reforms
February 13th, 2017
The Australian Government has hailed the passage of a package of tax reforms to improve income averaging arrangements for farmers and provide the Tax Commissioner with a new power. The Tax and Superannuation Laws Amendment (2016 Measures No.2) Bill ...
ASIC imposes licence condition on OpenMarkets Australia Limited
December 13th, 2016
ASIC has imposed additional conditions on the Australian financial services licence of OpenMarkets Australia Limited (OpenMarkets). This action follows surveillance activities which identified concerns in OpenMarkets’: arrangements for identifying and preventing potential market misconduct (for example, inadequate automated filters ...
Court fines Sino Australia Oil and Gas Limited and disqualifies former chairman, Tianpeng Shao
December 9th, 2016
The Federal Court of Australia has ordered that Sino Australia Oil and Gas Limited (in liquidation) (Sino) pay a pecuniary penalty of $800,000 and its former chairman, Mr Tianpeng Shao, be disqualified from managing corporations for a period of ...
ADCCA launched the first Australian Digital Currency Industry Code of Conduct
December 7th, 2016
Industry joins forces to create a digital currency code of conduct to protect consumers and boost growth The Australian Digital Currency & Commerce Association (ADCCA) today launched the first Australian Digital Currency Industry Code of Conduct to ensure consumers ...
Asia Stocks Higher, Australia Bucks Negative Growth Report
December 7th, 2016
Asian shares were broadly higher Wednesday, catching a lift from gains in the U.S., as a weak Japanese yen helped exporters’ stocks on the Nikkei Stock Average. The Nikkei was recently up 0.6% in morning trade. S&P/ASX 200 was ...
